Charles Purdy
on September 8th, 2023 The pound moved very little yesterday, but most movements were to the negative.
Yesterday’s house price data came as a nasty surprise to the markets, with a 1.9% fall in prices in August. The clue was in the BBA Mortgage Rate, which increased to 7.85%, its highest for close to 25 years.
The next big data event is unemployment on Tuesday, closely followed by Gross Domestic Product (GDP) on Wednesday.
GBP/EUR past year
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